Secured personal loans are loans taken by providing collateral, such as the value of your vehicle, share account, or share certificate. Your rate is based on how much of your collateral's value you will use to secure the loan:

  • Up to 50% of the value will be the highest rate, since you're pledging a smaller amount to secure your loan
  • 50-74% of the value will be the middle-tier rate
  • 75-100% of the value will be the lowest rate, since you're pledging a larger amount to secure your loan
Keep in mind that if you're unable to pay back your secured loan (if you default), your collateral may be collected to recover the lost funds.

We recommend speaking with a member of our team to see if a secured loan is the right choice for you. You can schedule an appointment with one of our branch staff or call our Contact Center at 540-389-0244 (local) / 866-389-0244 (toll-free).

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